All posts tagged McDonald’s

McDonald’s Corp. and Yum Brands Inc. are looking to add digital options in China that will make their fast-food sales even faster and win back business after a rough year in the critical Chinese market.

McDonald’s will start testing mobile ordering and mobile payment in China under a pilot program in the current third quarter, said a spokeswoman. Read More »

McDonald’s Corp. is aiming to sell its stores in Taiwan to a franchise operator and expand its franchise business in China, a spokesman said Thursday, as the company tries to turn around its fortunes in Asia and cut costs globally.

McDonald’s uses franchisees and licensees in its more mature markets, like the U.S. But elsewhere it has largely relied on a more costly model of operating its own stores to oversee their quality and growth. Read More »

Yum Brands Inc., which gets around half its revenue from China, is facing a new reality: Chinese consumers who once found its KFC and Pizza Hut chains fresh and different now see them as neither.

On Tuesday, Yum posted profit and revenue declines in the fiscal first quarter of 2015 as it struggles to overcome setbacks in China. Yum’s China sales in the quarter were down 9% from a year earlier, to $1.26 billion, following declines in the third and fourth quarters of last fiscal year. Read More »

McDonald’s woes worsened in August, with the fast-food giant posting its weakest monthly sales results in more than a decade as consumers in Asia continued to steer clear of its burgers and chicken McNuggets because of a supplier problem in China. Read More »

U.S.-based food processor OSI Group spent more than two decades and $750 million building a business in China. That all collapsed in July. OSI has become a lesson in the perils faced by foreign companies in China, when their operations are under unprecedented scrutiny by regulators and state media and negative publicity can destroy a business almost overnight. Read More »

McDonald’s was recently forced to pull multiple menu items in China — including its signature hamburgers — following local fears over food safety that have also affected KFC and Starbucks. China Real Time hit the streets in Beijing to hear how consumers are reacting. Read More »

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